$CWH Stronger Than Expected Earnings For Q2

Camping World Holdings (CWH) reported 2nd Quarter June 2022 earnings of $2.16 per share on revenue of $2.2 billion.

Revenue grew 5.2% on a year-over-year basis.

Camping World Holdings, Inc., headquartered in Lincolnshire, IL, (together with its subsidiaries) is America’s largest retailer of RVs and related products and services.

eBEAT: +6.9%
rBEAT: +5.8%
eGrowth: -10.00%
rGrowth: +5.2%

LINCOLNSHIRE, IL–(BUSINESS WIRE)–Camping World Holdings, Inc. (NYSE: $CWH) America’s Recreation Dealer, today reported results for the second quarter ended June 30, 2022.

Marcus Lemonis, Chairman and CEO of Camping World Holdings, Inc. stated, “We are pleased with the sale of almost 39,000 new and used RVs which contributed to record revenues for the second quarter. We believe our team has both the focus and experience to navigate our business through changes in market conditions as evidenced by our solid financial results.”

New and used vehicle inventories were $1.7 billion, an increase of $782.5 million from June 30, 2021. This increase was driven primarily by the easing of new vehicle supply chain constraints in our core categories experienced in much of the prior year. To a lesser extent, the increase was also driven by the strategic growth of our used vehicle business and an additional three locations.

On June 29, 2022, the Company paid our regular quarterly dividend of $0.625 per share of Class A common stock, or $2.50 per share on an annualized basis.

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